#Canada #Vancouver #Kootenay Silver #Columba Project #La Cigarra

Kootenay Silver Provides Activity Update

Kootenay Silver Inc. has recently made significant advances in its exploration and financing efforts, primarily focusing on its four major silver deposits located in Mexico. With a recent bought deal financing, the company is well-positioned to execute its drilling plans, particularly at its promising Columba and La Cigarra projects.

Financial Developments

On February 10, 2026, Kootenay completed a bought deal no warrant financing. This financial maneuver allows the company to effectively plan its activities over the next 18 to 24 months. It strengthens their position, enabling them to focus not just on ongoing drilling programs but also on a preliminary economic assessment (PEA) for La Cigarra, slated for completion in mid to late Q2 2026.

The combination of existing treasury and previously exercised warrants boosts Kootenay's capabilities, paving the way for undertaking extensive drilling of both current resources and additional exploration initiatives. The company's financial backing ensures it can advance its projects without infrastructure issues or budget constraints.

Exploration Opportunities at Columba

The Columba project is particularly ripe for exploration, with current drilling activities aimed at expanding the existing silver resources. Kootenay is implementing a systematic step-out drilling approach, targeting key veins—namely, the D, B-2, and Lupe veins. This drill program has recently been extended from 50,000 meters to 60,000 meters following promising early results.

So far, 18,000 meters have been completed this year, producing encouraging findings such as:

• - Lupe Vein System: Hole CDH-26-222 yielded 7.6 meters averaging 299 gpt Ag, with an extraordinary sub-interval of 0.45 meters at a remarkable 1,830 gpt Ag.
• - B-2 Vein System: One of the highlights is a 4.53-meter interval averaging 390 gpt Ag.

Continuous Drilling

The drill program at Columba is robust, focusing on identifying and expanding existing resources. Recent reports indicate that holes released show favorable results, including one of the deepest intercepts on the Lupe vein, returning exceptional silver grades. The strategic step-out drilling method is designed to test the edges of mineralized zones while potentially discovering new segments of the resource.

La Cigarra Project Updates

Simultaneously, Kootenay is advancing its activities in the La Cigarra region, aiming to evaluate and expand the current silver resources further. A 10,000-meter drill program is planned for the second half of the year, primarily to test a critical gap zone within the existing resource footprint. Currently, La Cigarra holds approximately 51.57 million measured and indicated ounces of silver, along with an additional 11 million inferred ounces.

In conjunction with the drilling efforts, a preliminary economic assessment is being conducted, focusing on optimization, cost evaluation, and potential mine design. The completion of this assessment is anticipated to align with mid to late Q2 2026 timelines.

Conclusion

Kootenay Silver's activities reflect an aggressive and strategic approach to enhancing the value of its silver assets. With solid financial backing and focused exploration efforts at both the Columba and La Cigarra projects, the company is well-poised for significant discoveries in the coming months. As the silver market remains dynamic, Kootenay Silver aims to deliver strong results and ensure stakeholder interest remains high.

Kootenay Silver remains committed to transparency with its investors, bolstered by comprehensive quality control and assurance measures throughout its exploration process.

In summary, the advancement of these projects in conjunction with financial backing underscores Kootenay Silver's potential to grow and thrive amidst the evolving landscape of silver mining.